1. Great Depression in Canada
... in 1932 - a 71% decrease" 14 People could not afford to purchase products produced because there was a lack of purchasing power. Also the wages were not sufficient to buy products because producers had to consider prices for overhead, the high cost of credit and the profits into the sale price of the product. In ... some areas, prices dropped to almost zero. Wheat was being sold for 35 cents a bushel, butter was sold for 10 cents a pound, big turkeys for $1 and small turkeys for 50 cents. 15 In the ... late 1920's the farmers created the wheat pools. These pools had some problems in ......
- Word Count: 3147
- Approx Pages: 13
- Grade Level: High School